RSS   Newsletter   Contact   Advertise with us

Putin signs bill fixing drug prices during emergencies into law

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | March 28, 2020
President Vladimir Putin has signed a bill on fixing maximum allowed prices of certain medicine during emergencies or outbreaks of infections into law.
Vladimir Putin
Russian President   Vladimir Putin
The document’s version is published on the official website of legal information.

Topics: Putin drug

The Federation Council approved the bill on March 25. The State Duma adopted it in the third and final reading on March 19.

The documents empowers the government to set maximum allowed prices of drugs and medical products not on the official list of vital medicines, but becoming vitally important in certain situations, for up to 90 days in case of emergencies or outbreaks of infections.

The adopted amendments to the legislation are to enable the government to control prices in the aforesaid cases or in the event the prices of medicines for a 30-day period grow by more than 30% without due justification.